FIA president Mohammed ben Sulayem stuns F1 by claiming it is not worthy of £16bn amid Saudi Arabia takeover discuss as he voices problem that ‘inflated selling price tag’ could have a detrimental impression on Tv set specials and enthusiasts
FIA president Ben Sulayem tweeted the series was not really worth $20bn (£16bn) Liberty Media, the American owners of F1 given that 2017, refused to remark
System One particular ruler Mohammed ben Sulayem brought on astonishment inside the sport when he utilized Twitter to declare the sequence was not well worth $20billion – an intervention that elevated questions above no matter if he had exceeded his purpose as regulator.
The FIA president intervened via a three-element thread in reaction to a recent report stating Saudi Arabia built an unsuccessful bid of $20bn (£16bn) to buy Formulation A person a year back.
Liberty Media, the American conglomerate that has owned F1 since 2017, when they concluded a £6.4bn takeover, refused to remark on the Bloomberg tale.
F1 ruler Mohammed ben Sulayem utilized Twitter to assert the sequence wasn’t value $20bn
Regardless of the uncorroborated nature of the promises, Ben Sulayem tweeted: ‘As the custodians of motorsport, the FIA, as a non-gain organisation, is careful about alleged inflated rate tags of $20bn getting set on F1.
‘Any prospective purchaser is suggested to utilize prevalent sense, consider the greater fantastic of the sport and arrive with a crystal clear, sustainable approach – not just a whole lot of revenue.
‘It is our duty to think about what the long run influence will be for promoters in phrases of greater internet hosting costs and other commercial fees, and any adverse impression that it could have on fans.’
Having said that, other senior figures in Components A single privately asked whether or not Ben Sulayem experienced overreached by going general public with his perspective on a professional make a difference, offered that the FIA are meant to regulate the activity relatively than entail themselves in its organization interests.
Formula One declined to comment.